Discounted Cash Flow (DCF) Analysis Levered

Qualtrics International Inc. (XM)

$15.43

+0.53 (+3.56%)
All numbers are in Millions, Currency in USD

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 289.90401.91591.16763.521,075.661,494.532,076.512,885.124,008.595,569.56
Revenue (%)
Operating Cash Flow 39.6236.40-370.90-410.722.80-279.63-388.52-539.81-750.02-1,042.08
Operating Cash Flow (%)
Capital Expenditure -18.27-22.82-33.18-89.52-103.82-116.48-161.84-224.87-312.43-434.09
Capital Expenditure (%)
Free Cash Flow 21.3513.58-404.08-500.24-101.02-396.12-550.36-764.68-1,062.45-1,476.17

Weighted Average Cost Of Capital

Share price $ 15.43
Beta 0.000
Diluted Shares Outstanding 503.38
Cost of Debt
Tax Rate -1.14
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.518
Total Debt 282.20
Total Equity 7,767.23
Total Capital 8,049.43
Debt Weighting 3.51
Equity Weighting 96.49
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 289.90401.91591.16763.521,075.661,494.532,076.512,885.124,008.595,569.56
Operating Cash Flow 39.6236.40-370.90-410.722.80-279.63-388.52-539.81-750.02-1,042.08
Capital Expenditure -18.27-22.82-33.18-89.52-103.82-116.48-161.84-224.87-312.43-434.09
Free Cash Flow 21.3513.58-404.08-500.24-101.02-396.12-550.36-764.68-1,062.45-1,476.17
WACC
PV LFCF -----
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -1,505.70
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -732.31
Equity Value -
Shares Outstanding 503.38
Equity Value Per Share -